Category: Transport
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Railway Authority signs US$500 million agreement to develop 100km western railway line
An agreement has been signed between the Ghana Railway Development Authority (GRDA) and China Railway Wuju Group Corporation (CRWG), for the continuation of the development of a new Standard Gauge Western line. The US$500 million projects would have both passenger and freight services. Under the agreement, the Manso through Tarkwa to Dunkwa section of the…
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MPS dismisses claims of job losses over port expansion project
Managers of the Tema Port Expansion Project, Meridian Ports Services (MPS), have downplayed suggestions that the project will lead to massive job losses. The managers say when the project is fully completed; it will rather boost the country’s economy through the creation of thousands of direct and indirect jobs. There have been protests by dock…
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Investigate GHS1.5 million revenue loss — Committee to BOST
The committee set up to investigate the loss of off-specification petroleum products (off-spec) has urged the Bulk Oil Storage and Transportation Company Limited (BOST) to investigate the sale of contaminated fuel between 2014 and 2017 to ensure clean products were not deliberately downgraded as contaminated and sold at a loss to BOST and the Ghana…
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‘Miracle’: Plane carrying 143 people crashes into Florida river, but no deaths
A charter plane carrying 143 people and traveling from Cuba to north Florida ended up in a river at the end of a runway Friday night, though no critical injuries or deaths were reported, officials said. A Boeing 737 arriving at Naval Air Station Jacksonville from Naval Station Guantanamo Bay, Cuba, with 136 passengers and…
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Railway Workers Union calls for salary review
The Ghana Railway Workers Union is calling on the management to review the salary structure of its members. The call comes ahead of workers day celebrations on 1st May. The workers tell Citi Business News their constant calls have not yielded positive result as management has not been responsive to their plea. Among other things, the railway…
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Port workers protest delayed action on reviewed port expansion concession
Workers of the Ghana Ports and Harbours Authority (GPHA) want the government to expedite the implementation of the findings of a review of the concession agreement for the Tema Port expansion project. The workers, on Tuesday [April 23, 2019] wore red attires and arm bands to protest what they describe as the delay in addressing…
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Government to review fuel costs, taxes for airline companies
The Ministry of Finance has announced that it is working to reduce the cost of aviation fuel and other taxes for airline companies operating in Ghana. The move is among others, to make Ghana more competitive in the aviation industry within the sub region. Deputy Minister of Finance, Kwaku Kwarteng disclosed the plan at the…
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British Airways commits £6.5 billion to service delivery
British Airways, flag carrier of the United Kingdom has committed £6.5 billion to improve its services to clients and customers. The investment, which will see the airliner take delivery of new aircrafts, updated cabins, focus more on services and increase destinations, is part of the company’s 100-year anniversary. The company also indicates that as part…
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Importers plead with gov’t to extend three month dollar hedging at ports
Some importers have appealed to government to further extend the three months pegging of the dollar rate to the cedi at the ports to six months. Even though they commend government for its decision to peg the local currency at 5 Cedis 8 pesewas to a Dollar at the ports for the next 3 months,…
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Drop in benchmark values : Smugglers to face prosecution – GRA
The Ghana Revenue Authority (GRA) has stressed that it will not spare any importer who smuggles goods into the country in a bid to avoid paying the required taxes on their products. The caution follows the implementation of revised benchmark values on imports. The government believes the move should help reduce smuggling of goods into…